Suryaa Business Desk: Domestic equity markets are showing stability ahead of Monday's regular trading session in the first week of the new year 2083. As there are no major corporate announcements or sudden developments influencing market direction this morning, the closing levels from Sunday's special Muhurat trading serve as the current baseline. The Sensex closed at 80,999.40 points and the Nifty closed at 24,986.40 points during the Diwali Muhurat session, and these figures act as the starting point for today's regular session.
Market participants anticipate that domestic markets may trade within a limited range, as GIFT Nifty indices indicate a flat or slightly positive trend. While Brent crude oil prices falling below $98 per barrel in international markets last week is considered a positive factor for the Indian economy and corporate sector, global interest rate trends and geopolitical uncertainties are keeping the market cautious.
Indices are expected to stabilize today based on foreign institutional investor (FII) activity, support from domestic mutual funds, the rupee-dollar exchange rate, and second-quarter corporate financial results. Experts suggest that in the absence of fresh negative triggers, investors may prioritize steady buying in key sectors such as banking, auto, and pharma.